Transformation Ministries Inc

Analysis

Transformation Ministries Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Transformation Ministries Inc reported income of $1.6m and spending of $1.2m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $593k to $1.6m (+164%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 214%. Over the whole period it spent 34% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Transformation Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include American Committee for the Education and Welfare of Jews of E ($1.6m), Robby Dawkins Ministry ($1.6m) and Airo ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $89k (7.4% of expenses). Other salaries and wages came to $464k. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m. It reported 17 employees.